Corient Private Wealth LP Boosts Holdings in Amplitude, Inc. $AMPL

Key Points

• Corient Private Wealth increased its Amplitude stake by 982.2% in the second quarter to 178,613 shares, while several other institutional investors also initiated or expanded positions. Institutional investors now own 73.2% of the stock.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $12.55; several firms recently raised their targets to between $11 and $16.
• Amplitude reported quarterly revenue of $100.89 million, above expectations, while matching the consensus loss of $0.01 per share. The stock opened at $13.30, near its 12-month high, even as two insiders sold shares through pre-arranged trading plans.

Corient Private Wealth LP raised its stake in Amplitude, Inc. (NASDAQ:AMPL - Free Report) by 982.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,613 shares of the company's stock after buying an additional 162,109 shares during the period. Corient Private Wealth LP owned about 0.18% of Amplitude worth $1,366,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMPL. Madison Asset Management LLC bought a new position in Amplitude in the second quarter worth $2,390,000. Bank of New York Mellon Corp purchased a new stake in shares of Amplitude in the 2nd quarter worth approximately $2,204,000. Quantinno Capital Management LP grew its stake in shares of Amplitude by 1,683.8% in the 1st quarter. Quantinno Capital Management LP now owns 370,515 shares of the company's stock worth $2,527,000 after buying an additional 349,744 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Amplitude during the 1st quarter valued at approximately $3,930,000. Finally, First Trust Advisors LP raised its stake in Amplitude by 362.8% during the first quarter. First Trust Advisors LP now owns 424,566 shares of the company's stock valued at $2,896,000 after buying an additional 332,830 shares during the last quarter. 73.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMPL. DA Davidson raised their target price on Amplitude from $10.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley boosted their price objective on shares of Amplitude from $12.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Citigroup raised their target price on shares of Amplitude from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Piper Sandler upped their price target on shares of Amplitude from $11.00 to $13.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.55.

Amplitude Trading Down 2.8%

Shares of AMPL stock opened at $13.30 on Friday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -17.73 and a beta of 1.50. Amplitude, Inc. has a twelve month low of $5.51 and a twelve month high of $14.76. The company's 50-day moving average price is $12.02 and its 200-day moving average price is $8.90.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. The business had revenue of $100.89 million for the quarter, compared to analysts' expectations of $98.16 million. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts predict that Amplitude, Inc. will post -0.66 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nathaniel Glenn Crook sold 300,000 shares of the company's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $12.99, for a total value of $3,897,000.00. Following the completion of the sale, the insider directly owned 1,622,696 shares of the company's stock, valued at approximately $21,078,821.04. This represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Spenser Skates sold 185,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 21.59% of the company's stock.

Amplitude Company Profile

Amplitude, Inc NASDAQ: AMPL develops a digital analytics platform that helps companies understand how users interact with their websites, mobile applications and other digital products. Its software is designed to help organizations analyze customer behavior, identify opportunities for product improvement and support data-driven decision-making.

The company's product offerings include Amplitude Analytics for behavioral and product analysis, along with tools for experimentation, session replay, customer data management and product performance monitoring.

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